Apple Target of Unusually Large Options Trading (AAPL)
Shares of Apple (NASDAQ:AAPL) was the target of some unusual options trading on Monday. Traders acquired 106,405 put options on the stock, AnalystRatings.NET reports. This represents an increase of approximately 193% compared to the average volume of 36,307 put options.
In other Apple news, SVP D Bruce Sewell sold 12,314 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $489.17, for a total transaction of $6,023,639.38. Following the sale, the senior vice president now directly owns 10 shares in the company, valued at approximately $4,892. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on AAPL. Analysts at Cowen and Company reiterated a “positive” rating on shares of Apple in a research note to investors on Monday. Separately, analysts at Jefferies Group upgraded shares of Apple from a “hold” rating to a “buy” rating in a research note to investors on Monday. They now have a $600.00 price target on the stock, up previously from $425.00. Finally, analysts at BMO Capital Markets raised their price target on shares of Apple from $480.00 to $508.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, forty-one have issued a buy rating and three have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $558.84.
Apple (NASDAQ:AAPL) traded up 0.98% during mid-day trading on Monday, hitting $487.75. The stock had a trading volume of 11,146,130 shares. Apple has a one year low of $385.10 and a one year high of $652.79. The stock has a 50-day moving average of $486.4 and a 200-day moving average of $449.0. The company has a market cap of $443.1 billion and a price-to-earnings ratio of 12.04.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $7.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $7.28 by $0.19. The company had revenue of $35.32 billion for the quarter, compared to the consensus estimate of $35.01 billion. During the same quarter in the previous year, the company posted $9.32 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts predict that Apple will post $39.33 earnings per share for the current fiscal year.
Apple Inc (NASDAQ:AAPL) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications.
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